WHAT IS AN INSURANCE AGREEMENT UNDER NETHERLANDS ANTILLES LAW?
Cover for actual damage as a result of an uncertain event
According to article 315 of the ‘Wetboek van Koophandel Nederlandse Antillen’ (Netherlands Antilles Commercial Code) “Insurance is the agreement whereby an insurer commits itself to the insured, against receipt of a premium, to compensate the latter for a loss, damage or loss of expected advantage [...]
Filed under: legal by Karel.Frielink
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